Carlisle Companies (NYSE:CSL) Raised to “Moderate Buy” at Raymond James Financial

Carlisle Companies (NYSE:CSL) was upgraded by Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on CSL. Zacks Research upgraded shares of Carlisle Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. raised their target price on shares of Carlisle Companies from $400.00 to $420.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. William Blair restated a “market perform” rating on shares of Carlisle Companies in a research report on Wednesday, March 18th. Truist Financial raised their target price on shares of Carlisle Companies from $340.00 to $360.00 and gave the company a “hold” rating in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Carlisle Companies in a research report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $405.00.

Carlisle Companies Price Performance

Shares of NYSE CSL traded down $10.37 during trading hours on Monday, hitting $346.69. 48,802 shares of the stock were exchanged, compared to its average volume of 445,836. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.49 and a current ratio of 3.38. The company has a market cap of $14.03 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company’s fifty day simple moving average is $357.41 and its two-hundred day simple moving average is $345.49. Carlisle Companies has a 1-year low of $293.43 and a 1-year high of $435.92.

Carlisle Companies (NYSE:CSL) last posted its quarterly earnings results on Thursday, April 23rd. The conglomerate reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.32. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.45 billion. Carlisle Companies had a net margin of 14.57% and a return on equity of 43.78%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $3.61 EPS. On average, sell-side analysts predict that Carlisle Companies will post 20.99 EPS for the current year.

Insider Activity at Carlisle Companies

In related news, VP David W. Smith sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $414.05, for a total transaction of $745,290.00. Following the sale, the vice president directly owned 3,697 shares in the company, valued at approximately $1,530,742.85. This represents a 32.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Schwar sold 6,049 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $417.36, for a total transaction of $2,524,610.64. Following the completion of the sale, the insider owned 8,540 shares in the company, valued at $3,564,254.40. This represents a 41.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 68,289 shares of company stock valued at $28,125,467. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CSL. State Street Corp raised its holdings in Carlisle Companies by 6.9% in the fourth quarter. State Street Corp now owns 2,090,341 shares of the conglomerate’s stock worth $668,616,000 after buying an additional 134,241 shares during the last quarter. Invesco Ltd. raised its holdings in Carlisle Companies by 2.6% in the third quarter. Invesco Ltd. now owns 1,054,163 shares of the conglomerate’s stock worth $346,777,000 after buying an additional 27,049 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Carlisle Companies by 113.9% in the third quarter. Bank of New York Mellon Corp now owns 1,049,039 shares of the conglomerate’s stock worth $345,092,000 after buying an additional 558,710 shares during the last quarter. Sands Capital Management LLC raised its holdings in Carlisle Companies by 13.9% in the fourth quarter. Sands Capital Management LLC now owns 967,640 shares of the conglomerate’s stock worth $309,509,000 after buying an additional 118,139 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Carlisle Companies by 2.5% during the third quarter. Bessemer Group Inc. now owns 655,342 shares of the conglomerate’s stock valued at $215,582,000 after purchasing an additional 15,834 shares during the last quarter. 89.52% of the stock is owned by hedge funds and other institutional investors.

Carlisle Companies Company Profile

Carlisle Companies Inc is a diversified global manufacturer serving a broad array of markets with engineered products, systems and solutions. The company’s operations span several core business segments, including construction materials, fluid technologies, interconnect technologies, brake and friction systems, and engineered products. Carlisle is known for its expertise in developing high-performance building envelope solutions, precision-engineered hoses and fluid-handling components, lightweight interconnect systems for aerospace and defense, and heavy-duty brake and friction products.

Within its construction materials segment, Carlisle offers single-ply roofing membranes, polyiso insulation, and waterproofing systems designed for commercial and industrial buildings.